Alphabet expands full-service fleet management business in 2010

The firm has released data for last year that shows it managed around 301,000 company car contracts for over 12,000 customers in 13 countries.

Although the overall number of contracts fell by 7.7% – which Alphabet says is due to the shift of pure service contracts to other BMW Financial Services divisions – the number of full-service contracts showed significant growth.

'2010 was a positive year for Alphabet. We reached the two goals we had set – our core business, full-service contracts, expanded and the number of pure service contracts was further reduced,' said Norbert van den Eijnden, head of Alphabet International.

And the firm says it will be focusing on further development of products and services this year, as fleets look for new concepts of transport and sustainable solutions in company.

Last year, Alphabet launched its AlphaCity car-sharing product in France and has also developed a product that combines public transport with parking.

'Corporate mobility management must combine sustainability and economy. We are seeing lots of opportunity for growth in this area,' added Mr van den Eijnden.